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Prudential PLC (PRU.L)

PRU.L on London Stock Exchange

23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Prudential PLC announces completion of sale of Japanese life business
Thursday, 5 Feb 2015 04:39am EST 

Prudential PLC:Through its subsidiary Prudential Holdings Limited, confirms that it completed the sale of its closed book life insurance business in Japan, PCA Life Insurance Co., Ltd (PCA Life Japan) to SBI Holdings, Inc (SBI Holdings) on Feb. 5.Of the agreed $85 mln cash consideration, Prudential received $68 million on completion of the transaction, and will receive a further payment of up to $17 million contingent upon the future performance of PCA Life Japan.  Full Article

Prudential PLC's Prudential Assurance Company agrees to sell its stake in UK health and protection joint venture
Monday, 10 Nov 2014 04:00am EST 

Prudential PLC:The Prudential Assurance Company Limited (PAC), the UK subsidiary of Prudential Plc, has reached an agreement to sell its 25 pct equity stake in the PruHealth and PruProtect joint venture to Discovery Group Europe Limited (Discovery) for 155 mln pounds in cash.PAC's minority stake in the joint venture has the characteristics of a financial rather than strategic investment in the UK protection market, with the majority of operating functions provided by Discovery.This transaction will enable Prudential UK to realise its investment at attractive terms while providing full strategic optionality to re-enter this market in due course.Prudential UK will work closely with Discovery to ensure a smooth transition and will continue to support the business for transitional period.  Full Article

Prudential staff in Reading to strike over Mumbai job plan

LONDON, Sept 9 Staff at a British regional office of insurer Prudential have voted to strike over plans to transfer 82 jobs to Mumbai, the Unite union said on Friday.